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Another newb question about tpg-ers.
slucas
Posts: 121
I know everyone has there favorites for different reasons, but i would some specific opinions. for example, Who grades Morgans better?, or st. gaudens?, or state quarters?, etc. I would think the one TPG might have a more experienced Morgan grader than the other. And so on. I realize this moght be a can of worms, but the market values between similar graded coins but different TPGs seems to be significant for some types coins. I noticed that the PCGS values the Complete set of PR70DCAM Clad State Quarters around 27K, yet you can buy the NCG 70 UCAMs for 2K. That is significant. PCGS Morgans seem to be close to Coin Values opinion. Hopefully, you can see what i am getting at. Just looking to be educated. thx.
-s
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<< <i>for example, Who grades Morgans better?, or st. gaudens?, or state quarters?, etc. >>
If you define "better" as more conservative, PCGS.
Russ, NCNE
<< <i>also... is it my imagination or not: a NGC 70 is a PCGS 69? at least price wise.... depending on coin type? >>
Value wise, yes, that's pretty much the case.
Russ, NCNE
One exception:
Z6F The 2006-W Z6F NGC MS70 is selling for a great deal more than the same coin PCGS-MS69.
It's a long, milk-spotted story.
<< <i>a PCGS holder will almost always bring more money than any other TPG...even though most people say "buy the coin, not the holder". >>
The two are not mutually exclusive. PCGS coins bring more because, on average, they are more strictly graded. Perhaps people are buying the coin.
Russ, NCNE
<< <i>The two are not mutually exclusive. PCGS coins bring more because, on average, they are more strictly graded. Perhaps people are buying the coin.
Russ, NCNE >>
...if there was a coin that was in a PCGS holder...and (just for this experimental reason) someone cracked it and it crossed to PCI or NTC, or whoever else and it came back in the SAME grade...you can't tell me that the coin would sell for the same money in the 3rd world holder!
<< <i><< The two are not mutually exclusive. PCGS coins bring more because, on average, they are more strictly graded. Perhaps people are buying the coin.
Russ, NCNE >>
...if there was a coin that was in a PCGS holder...and (just for this experimental reason) someone cracked it and it crossed to PCI or NTC, or whoever else and it came back in the SAME grade...you can't tell me that the coin would sell for the same money in the 3rd world holder! >>
Of course it wouldn't. But, that's a specious and irrelevant argument. In a sight unseen marketplace PCI and NTC bring far less precisely because their grading sucks and the market, which is comprised of coin buyers, knows that.
Russ, NCNE
The sole exception to this is the NGC MS70 graded Eagles and that is only because PCGS will not grade a BU Silver Eagle as MS70. The last MS70 PCGS graded Silver Eagle was in 1998 but due to their "market value" grading guarantee and the inherent milk spotting of these coins, they just stopped issuing the MS70.
Granted, grading is an opinion and sometimes the "opinions" at PCGS can vary but they are the most conservative and as a result the best TPG company available!
Now can I please have my free grading vouchers?
The name is LEE!
If you are looking at buying already-slabbed coins on the secondary market, I highly recommend you review each coin, no matter what brand of plastic it is in. Some high grade coins may simply lack eye-appeal.
<< <i>If you are looking at buying already-slabbed coins on the secondary market, I highly recommend you review each coin, no matter what brand of plastic it is in. Some high grade coins may simply lack eye-appeal. >>
Some coins in second-tier slabs (I've actually had good experience with PCI) would in fact make the grade at the better-respected first-tier firms. And many, of course, would not. It's about the coin first, the plastic second.
60 years into this hobby and I'm still working on my Lincoln set!
For most moderns, the pop reports will give a person a good insight into why the price differences are so wide.
For some other series the price differences are narrow, some wide. A person can look up auction prices at Heritage, Teletrade and Ebay to see what average coins go for. For rarely seen coins, it will mostly be about the coin and the price sheets may or may not have any bearing.
The market has certainly accepted PCGS as the grading service of choice, as coins in their plastic generally bring higher sight-unseen prices than coins in other plastic.
One question though......Is NGC tougher on FBL Franklins than PCGS? For some reason, I thought that they were.
For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.
The Reeded Edge
<< <i>One question though......Is NGC tougher on FBL Franklins than PCGS? For some reason, I thought that they were. >>
I've heard PCGS requires 3 full lines while NGC requires 4 full lines....
a - cannot grade (so they look for TPG assurances)
b - Collectors that can grade, but are 'distance' buying (sight unseen except for photo's - and want to avoid return hassle etc)
Category 'a' being the largest segment of the market.
The old saying 'buy the coin, not the plastic', was really coined (pardon the pun) for experienced collector/graders. For the inexperienced, or those who will not learn, the TPG allows them to buy with confidence (providing it is from a top tier firm). Cheers, RickO